Just the Stats: The State of Data in 2011

Prevalent myths surrounding MDM alongside an explanation of the realities.

I'm a word person, but even I know that sometimes, a number or statistic can tell a whole story by itself. So occasionally throughout the year, I would write a post called "Just the Stats" and share some key data points on a specific topic. That's why I thought it'd be interesting to share some of the more "talkative" numbers from 2011.

Data, Data Everywhere

There's no doubt that data takes up a significant amount of time and effort. Organizations are swimming in terabytes of data and investing in managing that data.

235 terabytes. Amount of data stored by companies with more than 1,000 employees in 15 of the economy's 17 sectors, according to the McKinsey Quarterly. That's more data than the U.S. Library of Congress contains.

Six. Different data sources the average enterprise organization relied on for information, according to a study by iWay Software.

The Data Disconnect

What became clear this year is that the problem isn't whether there's enough data available, but whether business users can access the right data at the right time and know the data's correct. Unfortunately, research suggests that's not the case ...

17 percent. Customer satisfaction at companies with MDM as compared to those without MDM, thanks to improved deliveries, better inventory accuracy and other metrics that impact customers, according to the same survey.

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